Muthoot FinCorp appoints Sarah M. George as Independent Director

Muthoot FinCorp Limited (MFL) has announced the appointment of Sarah M. George as an Independent Director on its Board, further strengthening the Board’s expertise in audit, assurance, governance, strategy, and leadership as the company continues to strengthen its institutional capabilities.

Over a professional career spanning more than 35 years, she has worked with several leading audit and assurance organisations, including S R Batliboi (an EY affiliate firm), Haribhakti & Co., and Price Waterhouse, which she joined in March 2012.

At Price Waterhouse, she held senior leadership positions including All India Assurance Markets Leader and West Region Assurance Leader and also served as Deputy Strategy Leader for the Americas and Asia Pacific region. She was elected to the India Board of the firm in December 2018, where she served until March 2023. In addition, she served as D&I Leader for the India West Region and as Chief Presiding Officer on the Internal Complaints Committee for the regulated firms.

Her experience spans Indian and multinational, listed and unlisted companies across sectors including EPC, manufacturing, chemicals, pharmaceuticals, retail, IT, consumer products, engineering, shipping, and service industries.

Commenting on the appointment, Thomas John Muthoot, Chairman & Managing Director, Muthoot FinCorp Limited, said, “We are delighted to welcome Ms Sarah to the Board of Muthoot FinCorp. Her extensive professional experience, strong grounding in governance and strategic perspective will bring valuable independent insight to the Board. As Muthoot FinCorp continues to evolve and strengthen its institutional capabilities, we remain committed to building a robust governance framework that supports responsible and sustainable growth. I am confident that Sarah’s experience and independent judgement will contribute meaningfully to the Board and to the long-term direction of the Company.”

Shaji Varghese, Chief Executive Officer, Muthoot FinCorp Limited, said, “We are pleased to welcome Ms Sarah to the Board of Muthoot FinCorp. Her extensive experience in audit, assurance, governance and strategic leadership across Indian and multinational organisations will add significant depth to the Board’s deliberations. As we continue to grow, maintaining strong governance standards and effective independent oversight remains an important priority for us, and we look forward to benefiting from her experience and guidance in the journey ahead.”